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JD.com projects optimism in China’s retail landscape

Article by Rachel Wolff  |  Mar 6, 2025
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JD.com projects optimism in China’s retail landscape
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Retail Ecommerce Sales
China

The news: JD.com reported its biggest jump in revenues in nearly three years—a welcome sign for retailers anxiously awaiting a recovery in Chinese consumer spending.

  • Retail sales rose 14.7% YoY in Q4, bolstered by Singles Day as well as targeted stimulus efforts to boost spending on appliances and electronics.
  • JD saw strong double-digit YoY growth in “most of our product categories as well as key metrics, such as our quarterly active users and shopping frequency,” CEO Sandy Xu said in a statement.

Behind the numbers: JD’s upbeat earnings mirror a similar report from Alibaba, which saw a sizable uptick in both new customers and orders in Q4 as shoppers appeared more eager to spend.